MEPC has released details of the next speculative phase of development at its high-tech business estate Silverstone Park, which will include nine new units providing 140,000 squre feet of industrial/workshop premises.
The development follows the success of the most recent speculative industrial scheme, which attracted ten new advanced engineering companies to Silverstone Park.
The latest scheme includes: six new terraced units totalling 55,000 square feet and ranging in size from 6,000 square feet to 12,000 square feet; three detached industrial units totalling 85,000 square feet and ranging in size from 18,000 square feet to 40,000 square feet.
The scheme is within the Aylesbury Vale Enterprise Zone meaning that qualifying occupiers can claim business rates relief of up to £55,000 per annum for five years.
All units benefit from MEPC's investment in new gas to site, 21MVA of power and pure fibre broadband.
The units, built to 'shell and core' standard, will include: prominent parking areas, smart arrival entrance leading to a reception area with toilets and stairs, in turn leading to first floor offices; offices fitted to CAT A standard construction, therefore including raised access floors, floor boxes, lighting and heating/cooling.
A new spine road will also be constructed at the same time as the new buildings. This new road will open up remaining land within the Enterprise Zone which is ready for development.The construction phase is due to start in September 2019 and complete in early summer 2020.
Additionally, MEPC has planning consent and detailed design for a further 120,000 square feet including four large detached units all in prominent locations along the Dadford Road, opposite the Silverstone Circuit's Wing building and new five-star Hilton Hotel.
MEPC's Roz Bird, Commercial Director at Silverstone Park, said: "We continue to carry out extensive research into the needs and aspirations of companies that need to be located in the Silverstone Technology Cluster and this feeds in to our investment strategy and the development of Silverstone Park.
"In the last 36 months many new companies have moved to Silverstone Park, attracted by the world class address, central location to attract talent from Northampton, Milton Keynes, Bicester, Buckingham and surrounding villages and towns, access via the A43 dual carriageway, linking to the M1 and M40, and, most importantly, the sense of community that we have created at Silverstone Park which is providing considerable added value for companies based here."